PrePayPower said it would increase the price of its electricity and gas by 3.9pc each from the first day of April. It comes days after Electric Ireland said its 1.1 million customers would be hit with a price hike from the start of April. Only set up in 2010, it has 140,000 pay-as-you-go electricity customers, and 42,000 gas customers. A spokesman for PrePayPower stated: “We introduced the price freeze to give our customers certainty during the winter period when energy use is highest. “But wholesale energy prices continue to rise and we have no option now but to increases prices from the April 1.”The spokesman added that it was last major supplier to announce such an increase.

Source: Irish Independent March 01, 2019 16:18 UTC